JSW Steel Registers 14% Profit Expansion in Q4 FY25 Despite Revenue Decline

JSW Steel Limited, the top Indian steel producer, reported a 13.5% rise in consolidated net profit during the fourth quarter of the fiscal year 2024-25, reflecting sound operating performance despite worsening revenue environments.

The company recorded a net profit of ₹1,501 crore ($176.01 million) during the January–March quarter, above that of the corresponding quarter last year, when revenue declined 3.1%. Revenue was at ₹44,819 crore ($5.26 billion), according to the company’s statement on Friday.

Operatively, JSW Steel demonstrated robust growth. 

Consolidated crude steel production rose 12% against the corresponding period last year at 7.63 million metric tonnes (mt), while steel sales rose 11% to 7.49 million mt. The company’s domestic steel mills operated at an average capacity usage of 93%, a small improvement from 91% in the equivalent quarter of the previous fiscal.

In overseas operations, too, the company’s Ohio, USA-based electric arc furnace (EAF) unit also helped its performance. The unit churned out 2,49,003 mt of slabs in the quarter, with a capacity utilization of 68%.

Even as revenue fell modestly, the rise in profit indicates JSW Steel’s capacity to make the best of production and sales in both the domestic and overseas markets, despite variations in global steel prices and macroeconomic conditions.

The company’s good operating numbers reflect a healthy position going into next year despite battling input cost volatility as well as global demand trends. JSW Steel remains a key player in India’s growth story of infrastructure and manufacturing with steady investment in production efficiency as well as international expansion.